Word: traded
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Dates: during 1970-1979
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...there has been no suggestion from any quarter that this would be a good course to follow. The resulting oil shortage would hurt U.S. allies more than it would hurt Iran?and would drive world oil prices through the roof. Another possibility would be a Government embargo on all trade with Iran, including food, but Carter would use the food weapon only as a last resort. Summarizing the planning difficulties, an Administration official noted last week: "The difference between minimum and maximum punishment is not all that great. This is very tough to calibrate...
...step further and simply cut back its production by a flat 700,000 bbl. With the world market tight, any such reduction would push up prices sharply, especially for single shipment cargoes that are sold on the so-called spot market, where more and more of the world oil trade now takes place...
...most private industry. A few years ago, the membership of the Iran-American Chamber of Commerce was a Who's Who of U.S. business. From A (Allis-Chalmers Overseas) to X (Xerox), the list numbered close to 250 and included practically every major U.S. company in international trade...
...event, economic sanctions have a dismal record of failure. The long U.S. trade embargo against Cuba has hurt the island economy, but Castro has managed to acquire most basics from the Soviet Union and other suppliers. In the mid-1960s, certain Latin American governments turned to Europe for the military weapons the Americans refused to sell them. There is very little that the U.S. sells to Iran that other countries could not supply...
...place among the seven or so black factions vying for the remaining 80 seats. These parties are so deeply divided by tribal and personal differences that many observers fear no national leader will emerge and a shaky coalition is inevitable. "God help us if that happens," says a white trade unionist in Salisbury. "Can you imagine Nkomo, Mugabe and the bishop [Muzorewa] in the same Cabinet...